Memo to those who think tech is dead: Even the commodity techies are putting up good numbers.
Let's call NetGear
Aiding growth is a wider channel for NetGear's products. Revenue in Asia-Pacific, for example, rose 79%. The company is also borrowing a page from the book of former Stock Advisor peer Dell
But is the stock, which is up noticeably as I write, still a buy? CAPS investors seem to think so:
Metric |
|
---|---|
CAPS stars (out of 5) |
***** |
Total ratings |
2,121 |
Bullish ratings |
2,064 |
Percent bulls |
97.3% |
Bearish ratings |
57 |
Percent bears |
2.7% |
Bullish pitches |
324 |
Bearish pitches |
6 |
Data current as of July 24, 2008.
"Proven technology with solid supply contracts," CAPS investor dhank23 wrote last week. "It's just a matter of several quarters (if that) to profitability. Contacts are worldwide, not just dependent on whether the USA wakes up and realizes that oil dependence is sucking the lifeblood from this country."
I agree. Facing a rotten economy and a tough competitor in Cisco
You and I both know better, even if Mr. Market is too hyper to notice.
Get your clicks from related Foolishness:
- Admit it: NetGear is one of your dream stocks.
- Its shares are outrageously cheap.